Mercadolibre Inc (NASDAQ:MELI) posted a sparkling 3Q in which earnings and revenue rallied ahead of the estimates. The positive performance saw some analysts moving to adjust their ratings and target price on the stock. Analysts at Bank of America Corp. (NYSE:BAC), for instance, upgraded the stock to a “Buy” from “Underperform”. Another bullish move on the stock was also seen at Deutsche Bank where analysts raised their target price on Mercadolibre Inc (NASDAQ:MELI) to $100 from $93. They maintained their rating on the stock as a “Hold”.
Mercadolibre Inc (NASDAQ:MELI) earned EPS of $0.76, which topped the estimate of $0.65. The company posted 20% increase in sales to $147.9 million, ahead of the estimate of $130.99 million.
Imperva Inc (NYSE:IMPV), a provider of data security software, posted desirable results in its 3Q as the numbers beat the estimates. The company also guided bullishly for the current quarter. Several firms have raised their view on the stock following the solid 3Q earnings that were supported by strong execution.
Imperva Inc (NYSE:IMPV) posted a loss of $0.10 per share, beating the estimated loss of $0.29 per share. Revenue came in at $42.7 million, also ahead of the estimate of $40 million. The revenue figure was up 22% from the same quarter last year.
Analysts at Piper Jaffray upgraded the stock of Imperva Inc (NYSE:IMPV) to ‘Overweight” from “Hold” and also raised its price target on it to $44 from $29. Analysts at BMO Capital Markets also raised their target price on the stock to $39 from $34.
GoPro Inc (NASDAQ:GPRO) pushed its own performance boundaries in the previous quarters and also mesmerized Wall Street with its strong 3Q digits. The maker of action cameras and related software posted 3Q results that saw revenue up nearly 46% to $280 million. Revenue surpassed the estimate of $263 million. GAAP earnings also increased to $14.6 million, suggesting $0.10 per diluted share, which topped the estimate of $0.08.
GoPro Inc (NASDAQ:GPRO) reported a net loss in the similar quarter last year and also in the previous quarter.